Bloomberg calculated Europe's losses from possible US duties

Losses of the European Union (EU) from potential comprehensive duties from The USA can account for about 1.5% of the total GDP of the countries of the association. This was reported on March 3 by the agency Bloomberg.

It is noted that the American leader Donald Trump plans to impose tariffs of 25% on European steel and aluminum, and is also going to take similar measures against cars and other goods from Europe.

"In the worst case scenario, tariffs could cost the European steel sector another 12,000 jobs and force automakers to shift production to the United States," the article says.

It is noted that the European Union has not yet tried all the ways to counter trade restrictions. The association may apply a special "anti-coercion" mechanism involving the introduction of retaliatory restrictive measures, including against American companies. However, such a decision will require long negotiations within the EU, as well as the consent of 15 of its 27 countries.

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Earlier in the day, Trump doubled import duties on goods from China from 10% to 20%. The White House justified this decision by the inability of the Chinese government to curb the influx of drugs into the United States.

On February 26, the US president announced that he intends impose customs duties of 25% in relation to the EU not only on cars, but also on "everything else". The press service of the European Commission clarified that the European Union intends in the near future href="https://iz.ru/1845771/2025-02-27/v-evrosoiuze-namereny-nemedlenno-otvetit-na-obeshchannye-trampom-poshliny " target="_blank">respond strongly to Trump's promised tariff changes.